OPEC Set To Reject Iran’s Plea For U.S. Sanctions Discussion

OPEC will probably reject Iran’s request to put the U.S. sanctions against Tehran up for discussion at the cartel’s official meeting later this month, a source familiar with the issue told Reuters on Friday. Iran is seeking support from fellow OPEC members against the returning U.S. sanctions and wants the issue on the agenda at the Vienna meeting in June, Iranian Oil Minister Bijan Zangeneh wrote last week in a letter to Suhail Al Mazrouei, the energy minister of the United Arab Emirates (UAE) who holds the OPEC presidency this year and will be chairing the meeting. In his letter, Bijan Zangeneh also suggested that his country does not agree with “recent remarks by certain OPEC members, noting that the Organization adopted decisions by consensus and no single member spoke for the body.” Iran’s OPEC governor Hossein Kazempour Ardebili asked OPEC’s board chairman to include a debate on the […]